Milam, Albano & Burzichelli Bill to Encourage Out-of-State Tourism Via Tax Reform Continues Advancing
(TRENTON) – Legislation Assemblymen Matthew W. Milam, Nelson Albano and John Burzichelli sponsored to encourage bus companies to continue taking passengers to Atlantic City and other New Jersey tourism locales continues advancing.
The bill (A-1887) would prohibit the imposition of the corporation business tax on out-of-state corporations whose only contact with New Jersey is carrying passengers into the state in a motor vehicle or bus to a destination in the state, and the return of those passengers to a location outside the state.
“We all know this difficult economy has been tough on our tourism industry, and applying corporate business taxes to companies doing nothing more than brining tourists into our state makes no sense at all,” said Milam (D-Cumberland/Cape May/Atlantic). “We should be encouraging out-of-state companies to bring people into our state, not taxing them for doing so…”
To read more, please visit the New Jersey General Assembly Democratic Office Web site.